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Hong Kong Father and Son Surrender in Crypto Investor Kidnapping Case
A Hong Kong businessman and his son have turned themselves in to the police for their involvement in the kidnapping of a crypto investor, highlighting a disturbing trend of violent crime in the city amid a $1.9 million financial dispute. This information comes from sources familiar with the matter, as reported by the South China Morning Post.
The businessman had reportedly invested approximately HK$15 million (around $1.9 million) in cryptocurrency with the assistance of a woman introduced to him through referrals. According to preliminary investigations, the businessman was unable to retrieve his investment, and the woman became intermittently unreachable, potentially leading to the criminal actions that followed.
During the kidnapping, the woman’s husband was reportedly assaulted with a stun gun by an unknown individual when he tried to intervene, resulting in injuries. Sources indicate that the police are investigating the possibility that a group of four men was paid to execute the kidnapping.
This incident is Hong Kong’s second kidnapping within 32 hours, raising serious concerns about increasing criminal activity. Earlier in 2024, the Hong Kong Securities and Futures Commission (SFC) reported a significant rise in crypto-related crimes over the past three years, with cases involving billions of yuan.
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